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20130224
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WRC (NBC) 2
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NBC
Feb 23, 2013 6:00pm EST
's economy. >> it's a green light. this may be the last chance you get. >> reporter: 25 virginia state senators did hit their green light, voted yes and followed their house counterparts in approving the measure that will pump $3.5 billion into roads, transit and rail over the next five years. >> it will enable us to contribute a lot more money to rail, improve the services to get you to rail, perhaps widen some major arteries a little bit. >> reporter: prince william county senator is the longest serving senator in virginia history. and he counts this bill as one of the most significant he's ever helped pass. >> it's very important. it's going to change people's lives. >> reporter: the transportation bill contains a complicated plan for raising new revenue. it reduces the state gas tax but hikes the state sales tax and several other fees. traffic took northern virginia and hampton roads will be able to raise more money for priority projects through a bigger sales tax hike, a hotel tax and home sales fee. some senators say two taxing levels is unfair and others fear the impact on the r
NBC
Feb 19, 2013 6:00pm EST
of jobs and our entire economy at risk just to protect a few special interest tax loopholes that been fipt only the wealthiest americans and biggest corporations. >> reporter: if no deal is reached $85 billion in automatic cuts known as the sequester go into effect march 1. democrats want to close tax loopholes on the oil industry and raise taxes on millionaires. republicans want more deficit reduction. >> the president says it will be a balanced approach. so far it has all been tax increases. from the republican point of view they want to see the spending cuts in terms of the other side of it. >> reporter: if there is month compromise federal workers, everyone from fbi to border patrol agents, could be furloughed or laid off. a wells fargo study says federal and defense industry workers in maryland, virginia, and d.c., will be hardest hit. as the military faces massive cuts. a new bipartisan commission's plan led by former clinton adviser erskine bowles and alan simpson cuts the deficit by $2.4 trillion over ten years. >> they can squawk all then want to. get your country on course and fo
Search Results 0 to 1 of about 2